Four-Unit Multifamily with
7112 Maryland Avenue Queenstown, MD 21658
7112 Maryland Avenue, Queenstown, MD, 21658
$615,000
Pending
For Sale
$615,000
Pending
Four rental units include one- and three-bedroom layouts plus two two-bedroom units and a detached two-car garage.
Property Size3,721 SF
Days on Market99
Property Features for 7112 Maryland Avenue
General Information
- Standard status
- Pending
- Size
- 3,721 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1904
Listing agency
Clark & Co Realty, LLC
(410) 330-0997
Listed by
Evan Phoenix · License #5002423
(410) 330-0997
Source
Compass
Added: Apr 15 Updated: Jul 21 at 3:11AM Checked: Jul 21 at 3:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clark & Co Realty, LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property is configured with a mix of unit types, including a one-bedroom unit with an office, a three-bedroom unit, and two two-bedroom units. A detached two-car garage provides additional on-site functionality and flexibility for the property.
The building is located in Queenstown and is within city limits, in Queen Anne’s County. Public remarks note proximity to Queenstown Golf and Queenstown Premium Outlets, along with community amenities such as Food Truck Fridays, a walkable local park, and a summer concert series.
The property is currently generating $6,075 per month, with renewals expected to bring gross income closer to $6,300 per month starting in June.
The building is located in Queenstown and is within city limits, in Queen Anne’s County. Public remarks note proximity to Queenstown Golf and Queenstown Premium Outlets, along with community amenities such as Food Truck Fridays, a walkable local park, and a summer concert series.
The property is currently generating $6,075 per month, with renewals expected to bring gross income closer to $6,300 per month starting in June.
Key Highlights
- Four rental units in Queenstown; includes 1‑bedroom with an office, 3‑bedroom, and two 2‑bedroom units
- Detached two‑car garage adds additional flexibility for the property
- Grosses $6,075 per month currently, with renewals projected closer to $6,300 per month starting in June
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.6k | $22.20 |
| − Vacancy | −$4.3k | −$1.15 |
| EGI | $78.3k | $21.05 |
| − OpEx | −$23.5k | −$6.31 |
| NOI | $54.8k | $14.73 |
3,721 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$783.1K
$685.2K – $913.6K
NOI $54,817 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$699.9K
$612.4K – $816.6K
NOI $48,994 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$891.4K
$780.0K – $1.04M
NOI $62,401 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four rental units include one- and three-bedroom layouts plus two two-bedroom units and a detached two-car garage.
Where is this quadplex located?
The property is located at 7112 Maryland Avenue Queenstown, MD.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Four rental units in Queenstown; includes 1‑bedroom with an office, 3‑bedroom, and two 2‑bedroom units; Detached two‑car garage adds additional flexibility for the property; Grosses $6,075 per month currently, with renewals projected closer to $6,300 per month starting in June
